Calgary-based Decision Dynamics Technology (DDT - formerly Malibu Engineering) is rolling out a new version of its Wellcore suite for well lifecycle management. Wellcore 4.0 targets large independent E&P companies with solutions for new ventures inventory management, geoscience, land, well planning and cross-business finance and planning.
Wellcore now also manages pipeline gathering networks and ‘post production’ activities such as abandonment and reclamation of surface facilities. Wellcore modules provide ‘out-of-the-box’ best practices which can be customized to incorporate a client’s own work processes.
Devon Canada has been beta testing Wellcore 4.0 in its Canadian E&P operations. Devon has trained over one hundred field and five hundred office users on the system. The new release leverages a company’s existing IT infrastructure, reducing configuration costs. Wellcore includes client, server and web-based components for collaborative project planning, rig scheduling and reporting.
DDT president Cecil Shewchuk said, ‘This release of Wellcore provides a truly comprehensive well lifecycle management solution. The ability to configure our product to maintain a customer’s competitive advantage and the low total cost of ownership make it a compelling solution for the industry.’
The new release also offers firewall-friendly deployment leveraging Microsoft Active Directory permissions and SLL data encryption. These and other improvements provide SOX compliance and streamline software administration.
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